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Commodity News Details
Copper down half a percent despite firm equities
31-Jan-2025 18:29
Firm action in US dollar index weighed on Copper today as the metal pulled back from a one week high. The counter currently trades down 0.45% at $4.28 per pound. US dollar index holding above 108 mark, hitting one week high and capped gains in the red metal. Meanwhile, in equities, Asian stocks rose in thin holiday trade. Japanese Nikkei average added 0.15% while Australian benchmark S&P/ASX 200 gained 0.45%. European stocks continued to add modest gains. US stocks edged up after recent volatility. The Dow rose 0.4% to 44,882.13, ending the day within striking distance of the record closing high set in early December.

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